Entries by DomresRealEstate

South Florida group sweet on South Tampa deals

A South Florida group that just made its first buy in the Tampa Bay market is actively looking for more deals in South Tampa. Rosemurgy Properties, based in Deerfield Beach, paid $10.55 million for Shops on South Howard, the Chipotle Mexican Grill-anchored center at 533 S. Howard Ave. The sales price breaks down to $483 […]

Tampa developer restoring historic Ybor bungalows, building new row houses (Rendering)

A Tampa developer has plans to revitalize a block of Ybor City by restoring historic bungalows and building new row houses. The development, named Casitas En Cuatro, will consist of three restored single-family homes and three new “historically inspired” row houses, Sight Real Estate said Wednesday. The single family homes will be priced from $250,000 […]

Developer: As Seminole Heights transforms, growing pains are inevitable (Video)

Tuesday morning was a bit emotional for Wesley Burdette. The Tampa developer and his family celebrated the opening of the Warehouse Lofts, a 54-unit apartment building in Seminole Heights — his first multifamily project. Burdette had worked in mortgage banking in Washington, D.C., and then flipped houses in Seminole Heights before developing the Warehouse Lofts. […]

CNBC shines national spotlight on Tampa

Leave it to an investment manager to pull out a financial market analogy when describing his adopted hometown to the rest of the nation. “Tampa is like a value stock,” Tampa Bay Lightning owner Jeff Vinik, a former manager of Fidelity’s Magellan fund, told CNBC. “It really has not been found out yet. Business is […]

NEW YORK: The construction industry’s secret weapon

NEW YORK — Not many people can say they’ve walked in one of the Panama Canal’s empty chambers. But when Sarah Biser was invited to Panama to tour a new set of locks, she saw firsthand what could be accomplished through the construction contracts she facilitates. Biser leads the construction and infrastructure group at McCarter […]

K. Hovnanian Homes exiting Tampa Bay market

National home builder K. Hovnanian Homes is exiting the Tampa Bay market as well as Minneapolis and Raleigh, with plans to focus on markets where Hovnanian Enterprises (NYSE: HOV) has a higher market share. Ara Hovnanian, chairman, president and CEO of Hovnanian Enterprises, says the New Jersey-based company plans to exit both Raleigh and Minneapolis […]

Momentum builds in Tampa’s North Franklin corridor

Jeannette Jason doesn’t want to get her hopes up. The Tampa real estate broker has been here before, on the threshold of a boom on the northern fringe of downtown Tampa. For all the grandiose visions and plans over the years, the brick-paved North Franklin Street is still moribund. But there are promising signs of […]